FS weekly highlights—26 March 2020

FS weekly highlights—26 March 2020

In this issue

 

 

Coronavirus (COVID-19)
Brexit news
MiFID II
UK, EU and international regulators and bodies
Prudential requirements
Financial stability, recovery and resolution
Consumer protection
Financial crime
Complaints, compensation and claims management
Investigations, enforcement and discipline
Markets and trading
Regulation of capital markets
Regulation of derivatives
Investment funds and asset management
Securities financing transactions
Banks and mutuals
Consumer credit, mortgage and home finance
Regulation of insurance
Payment services and systems
Fintech and cryptoassets
Sustainable finance
Islamic finance
Dates for your diary

 

Coronavirus (COVID-19)

ESMA and the EBA issue statements on the accounting implications of coronavirus (COVID-19) economic support

The European Securities and Markets Authority (ESMA) issued a public statement on some accounting implications of the economic support and relief measures adopted by EU Member States in response to the coronavirus (COVID-19) outbreak. The measures include moratoria on repayment of loans and have an impact on the calculation of expected credit losses in accordance with IFRS 9. The European Banking Authority (EBA) also issued a related statement which explains a number of interpretative aspects on the functioning of the application

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About the author:
Prior to joining LexisNexis in 2016 as a paralegal, Lauren was an adjudicator at the Financial Ombudsman Service. There she resolved consumers’ complaints, and gained knowledge about a wide variety of financial products. Before this she studied Law at Nottingham Trent University.